Ocwen Financial (OCN -0.6%) is reportedly leading the bids for Goldman Sachs' (GS -0.9%) Litton...

|About: Ocwen Financial Corporation (OCN)|By:, SA News Editor

Ocwen Financial (OCN -0.6%) is reportedly leading the bids for Goldman Sachs' (GS -0.9%) Litton mortgage-servicing unit in what could be a $500M sale. Goldman has been said to be offering 85% financing; it took a $220M writedown related to the business in Q1. (previously)